Ukraine & Malta Double Tax Treaty
A double tax treaty between Malta and the Ukraine was signed on 4 September 2013 and published on 6 December 2017. It entered into force from 28 August 2017. Some of the main features of the treaty are the following:
Ukraine Withholding Taxes
Elimination of Double Taxation
Tax suffered in the source country is normally eliminated by applying a credit for tax paid against the tax liability for that income in the residence country.
The double tax treaty between Malta and the Ukraine sets out a maximum withholding tax of 5 per cent on a payment of dividends from a company in the Ukraine to a Malta company holding at least 20% of the capital of the Ukrainian company. In all other circumstances, the maximum withholding tax should be no more than 15 per cent.
The double tax treaty between Malta and the Ukraine sets out a maximum withholding tax of 10 per cent on interest paid to the beneficial owner thereof.
The double tax treaty between Malta and the Ukraine sets out a maximum withholding tax of 10 per cent on royalties paid to the beneficial owner thereof.
Artistes and Sportsmen
Income derived by a person from entertainment or sports may be taxed in the state where the activities are exercised.
Pensions and similar remuneration in consideration of past employment (other than pensions paid by or out of funds created by a state or political subdivisions/local authority in respect of services rendered to that state or political subdivision/local authority) shall be taxable in the country of residence only.
Income not specifically dealt with in the Malta Ukraine double tax treaty shall be taxable in the country of residence only.
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